December Jobs Miss Big: 145K Payrolls Tumble By 111K As Hourly Earnings Disappoint

While it is safe to say that the Fed – and markets – will largely ignore today’s payroll print in a time when the central bank is injecting $100BN in in liquidity every month regardless of the macro data, it is still notable that the December payrolls report was a disappointing 145K, missing expectations of 160K (and the whisper number of 180K), and 111K lower from the downward revised 256K in December (revised from 266K).

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